Not good at all... We may be looking at a changing of the guard here! We may need another push down to that 3070 level before we rip & retrace. Game of observation .... Bullys gonna have to rip it sooner or later to prevent damage on the big TF`s/ Time Frames.... which is critical right now! Good Trading....
They got smart & left ... having to constantly address the pikers like FX Boy! I started here at ET in `06...Trading in `97.... lot`s of good traders back then with quality & substance... unlike today, unfortunately.
I think more bloodletting to come, there will come in next couple of days imo a narrow range day and after that a decider on future direction. Friday is last day of trading month, Monday will be interesting as it could either bounce or plunge. But atm I reckon mkt is not ready to bounce.
What I did notice was Nickel & Lithium were looking reasonable, I think they are the new 'copper' mkt bellwethers.
are you guys all selling here? i have no choice i have to sell more as previous sales become in the money to offset my natural patriotic long bias. i dont want it to go lower i dont make money from it im short vix long equities.
The less likely scenario actually unfolded, i.e., August 2015. If that pattern repeats itself - we should see a strong day up tomorrow. The last time before that we had this same pattern was in October 2008. The 4th day following that was another huge day down (-6,40 %). Playing the odds and considering how rare these events are, I'd bet on a bottom from here. However, intuitively and seeing how relentless the selling has been off these highs, you may start to wonder if there's not more downside coming and sooner than later.
Credibility? You're trading voodoo signals, What's credible about that? And, I'm neither "new" nor "green" so who are you to question my views? On 23rd last I made a call warning of the sell-off, it materialized on the 25th, where is your call using your "grate wisdom" to predict the correction? There wasn't any, yet I can't question your credibility?! I study fundamentals to make real calls, you use abstract Fibonacci, it's voodoo, not skill. Trading the Indices on Fundamentals
Bull pushed higher at 3100 than at 3200 But they’re still not in control. For every leg up there’s a wider down one. Volatility is still on the downside. 3100 was a bottom that has not hold. Let’s go lower towards 2975. I won’t buy before 3060
Seriously, just GTFO already. You don't understand any terminology and take shots at people who have a clue. YOU are the problem.